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United States Army
Financial Readiness Program, ACS
411 Eisenhower Avenue
Fort Knox, KY 40121-5205
Resources are available to help you understand and manage your finances, including one-on-one financial counseling to assist you and your family with financial readiness. Services are designed to focus on money management issues throughout your active-duty lifecycle and into retirement. Financial readiness educational opportunities range from basic planning to long-term investing. Check out the information below to see what’s available at your installation.
The Financial Readiness program offers a wide range of services to assist soldiers and their families to live within their means and invest for the future. Emphasis is placed upon money management, proper use of credit, financial planning for deployment, transition and relocation, insurance, and check writing principles. The Financial Readiness program is designed to educate soldiers on their rights as consumers. The goal is to enlighten soldiers and their families on procedures in resolving consumer complaint problems and issues.
The expense of food and incidentals is usually where we miscalculate and exceed our travel budgets. It is highly recommend you go to your ACS Consumer Affairs Office at your current station and ask for a budget work up. Also, make an appointment with the ACS Relocation personnel for an individual consultation. A relocation checklist is available for you to use as a reminder of important tasks to prepare yourself.
If you find you are in need of additional funds the Army Emergency Relief Office may provide an interest-free loan repayable by allotment. You may apply for assistance with food, temporary lodging, etc. and initial rent and deposits.
The ACS Lending Closet and Helping Hand community sharing and donation program has household items available for use until your household goods arrive. You may borrow them from the ACS Loan Closet or you may go to the Fort Knox Helping Hands and "shop" for free items donated by members of the community.
Beware of Rent-To-Own establishments. If you don't have all the furniture you need wait until you have the cash to pay for it. Many times you can pick things up at the post Thrift Shop (known as the Country Store here) at very reasonable prices. If you Rent-To-Own you will most likely pay two or three times what it is worth during your contract.
Also, beware of check-cashing establishments off post. Unfortunately, where there are military installations, there are people just waiting to take your money. You will pay large percentages of your check for them to hold it until payday. Please contact Army Emergency Relief, if you need assistance.
You can never be over prepared financially for your move. The government moves your household goods and provides travel funds, but probably not enough to cover all your expenses. Please make note of the important following information. If this is your first Permanent Change of Station (PCS), Dislocation Allowance (DLA) is payable only if dependents actually move from the members residence to the Permanent Duty Station (PDS) or designated place in connection with the PCS. You must file a dependent travel voucher with your servicing finance office (travel section). DLA is not payable on your final move (separation or retirement).
Temporary Living Expense (TLE) is payable incident to a move when entering active duty to the first PDS for enlisted and officer members. TLE is not payable on your final move! Proper documents must be submitted to your gaining finance office for payment of this allowance. When in or out processing, always ask your finance representative what entitlements/allowance you may be entitled to receive. Your S1 should be able to assist you.
Temporary Lodging Allowance (TLA) applies to overseas moves. Verify your entitlements with the local finance office prior to or during in/out processing your station. Fortunately Fort Knox has ample available housing and temporary lodging expenses should be short term. Camp Carlson is a wonderful outdoor camping facility if you prefer to stay in a cabins or you personal RV.
AER is a non-profit organization which provides emergency loans to soldiers in crisis. Financial assistance is generally for emergency food or travel but may be available for essential POV repairs, insurance, rent, or utility bills. In addition, AER has information available on educational financial assistance. Although AER is a private organization, its mission is solely to help Army personnel and their family members. AER is the U.S. Army's emergency financial assistance organization and a key element in helping the Army take care of its own.